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The Benefits Of E-Commerce To Organization
• Expands the Marketplace to national and international market• Decrease the cost of creating, processing, distributing, storing and retrieving paper based information
• Allows reduced inventories and overhead by facilitating pull-type supply chain management
• The pull-type processing allows for customization of products and services which provides competitive advantage to its implementers
• Reduces the time between the outlay of capital and the receipt of product and services
• Supports Business process re-engineering (BPR) efforts
• Lowers telecommunication cost- the internet is much cheaper than value added networks (VANs)
Benefits of e-Commerce to Consumers
• Provides consumers with less expensive products and services by allowing them to shop in many places and conduct quick comparisons
• Allows consumers to interact with other consumers n electronic communities and exchange ideas as well as experiences
• Facilitates competition which results in substantial discounts
• Allows quick delivery of products and services (in some cases) especially with digitized products
• Consumers can receive relevant and detail information in seconds rather than in days or weeks
• Makes it possible to participate in virtual auction.
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